Tangible Assets – Meaning, Importance, Accounting and More
Tangible Assets or hard assets are very crucial for carrying out business operations. They are the main type of assets for any company that… Read Article
Balance Sheet
Deferred Tax Liabilities – Meaning, Example, Causes and More
Deferred Tax Liabilities or Deferred Tax Liability (DTL) is the deferment of the due tax liabilities. In other words, when the due tax will… Read Article
Carrying Value – Meaning, Examples and More
Carrying value, or the carrying amount, or the book value, is the value of assets based on figures in the balance sheet. It is… Read Article
Liquid Assets
Meaning of Liquid AssetsLiquid assets are those assets that are equivalent to or as good as cash. In other words, these are assets, the… Read Article
Short-term Liabilities
A liability is a debt or legal obligation of the business to another individual, bank, or entity. There could be both short-term liabilities as… Read Article
Trial Balance vs Balance Sheet – All You Need To Know
A balance sheet and trial balance are two important reports of the accounting system. The balance sheet is one of the three financial statements… Read Article
Capital Receipt vs Revenue Receipt – All You Need To Know
Capital Receipt and Revenue Receipt are an integral part of business activity, like capital expenditure and revenue expenditure. Both represent an inflow of cash… Read Article
CAPEX vs OPEX – All You Need To Know
Expenses are as important for a company as revenues. A business can’t earn revenue if it does not make necessary expenses. We can divide… Read Article
Assets vs Liabilities – All You Need To Know
Even if you don’t have a business or accounting or financial background, you would have heard the terms assets and liabilities. These terms are… Read Article
Accounts Receivable vs Accounts Payable – All You Need To Know
Accounts Receivable and Accounts Payable are business terms that are primarily used in accounting. The real difference between Accounts Receivable vs Accounts Payable is… Read Article
Advantages and Disadvantages of Bank Reconciliation
Before we look into the advantages and disadvantages of bank reconciliation, let’s quickly go through what the term stands for. So, bank reconciliation is… Read Article